Not long ago, Alchemy Pay - one of the leading fiat-crypto payment gateways announced a cooperation agreement with ZD Group - a reputable global investment fund and the parent company of Mouette Securities.
Backed by ZD Group, Alchemy Pay has been granted 4 particularly important and mandatory financial licenses to be able to conduct financial business activities in Hong Kong, including stock trading, consulting on securities and asset management.
Within the framework of this cooperation agreement, Alchemy Pay commits to providing Crypto payment solutions to all businesses under ZD Group. This opens up great opportunities for Alchemy Pay in developing and expanding the crypto payment market.
This news was announced on Alchemy Pay's Medium page. Notably, Alchemy Pay owns a utility token called $ACH that is used as transaction fees, fee reductions, and rewards for users. After this information was announced, the price of $ACH skyrocketed and is taking the top spot in Binance's Top gainer table.
This growth is explained by the market being in a recovery phase thanks to positive news about organizations in the US and the fact that Hong Kong has a draft (not yet approved) on opening crypto trading for investors. personal investment in this country.